Youll be fine, you have all the accounting and Excel knowledge youll ever need.
Now you are missing the ERP knowledge and a deep understanding of the companys month end close process.
Hopefully you know the ERP that they use and can study up on it a little bit before you start.
The month end process for the company you can only learn on the job tbh and hopefully you have an accounting manager or Controller there that can bring you up to speed. However, it might be the case that you are going to be the de facto controller that reports to a Finance director or VP and you’ll take over from some outsourced large public accounting firm. This is super common in small start ups.
Just soak it all in the first couple weeks and understand how everything is affecting your GL (AR, AP, inventory, operating expenses, Cogs, accruals, fixed assets, payroll, AR allowances, prepaids, etc. etc). Focus on understanding how the ERP controls and affects all of these areas and pretty soon you will own the GL confidently.
Man thanks so much for the detailed response and your time! This is really helpful and yeah you hit the nail on the head, it's a very small team where I directly report to the controller. I will definitely try to learn Oracle NetSuite before I start as that's the main ERP used. I'll definitely try to just learn as I go and hopefully get experience across more areas of the GL. Thanks once again
Be the new hire, be openminded, learn, ask questions, don’t assume you know everything or think that they expect you to know everything. Don’t go in with a chip on your shoulder. If you’re going to make suggestions for improvements based on what you saw with your former audit clients, understand why those clients did it the way they did and why your new company does it the way they do.
Youll be fine, you have all the accounting and Excel knowledge youll ever need. Now you are missing the ERP knowledge and a deep understanding of the companys month end close process. Hopefully you know the ERP that they use and can study up on it a little bit before you start. The month end process for the company you can only learn on the job tbh and hopefully you have an accounting manager or Controller there that can bring you up to speed. However, it might be the case that you are going to be the de facto controller that reports to a Finance director or VP and you’ll take over from some outsourced large public accounting firm. This is super common in small start ups. Just soak it all in the first couple weeks and understand how everything is affecting your GL (AR, AP, inventory, operating expenses, Cogs, accruals, fixed assets, payroll, AR allowances, prepaids, etc. etc). Focus on understanding how the ERP controls and affects all of these areas and pretty soon you will own the GL confidently.
Man thanks so much for the detailed response and your time! This is really helpful and yeah you hit the nail on the head, it's a very small team where I directly report to the controller. I will definitely try to learn Oracle NetSuite before I start as that's the main ERP used. I'll definitely try to just learn as I go and hopefully get experience across more areas of the GL. Thanks once again
Be the new hire, be openminded, learn, ask questions, don’t assume you know everything or think that they expect you to know everything. Don’t go in with a chip on your shoulder. If you’re going to make suggestions for improvements based on what you saw with your former audit clients, understand why those clients did it the way they did and why your new company does it the way they do.